Intel Pauses European Projects, Expands AWS Partnership in Major Restructuring

Intel aims for $10 billion in cost savings, job cuts, and a leaner structure to enhance competitiveness.

Intel will delay new chip factories in Germany and Poland for at least two years, focusing instead on U.S. projects.
The company will make its foundry unit an independent subsidiary to attract more customers and optimize capital structure.
Intel has secured a multi-year, multibillion-dollar deal with Amazon Web Services to produce custom AI chips.
The restructuring plan includes slashing 15,000 jobs and reducing global real estate by two-thirds.
Intel's turnaround strategy aims to strengthen its x86 product line and advance its AI initiatives amidst tough market competition.